XRP broke below $1.40 on heavy volume, and sellers are firmly in control. The high-volume selloff confirms that support levels failed, turning what was once a floor into a pivot point overhead. Traders now watch for downside targets as the momentum favors bears.
The breakdown matters because XRP had held around this level as a technical floor. When volume confirms a move lower like this, it signals conviction from sellers rather than a random dip. Buyers stepped in at previous support levels and lost. Now the question shifts from "where's the bottom" to "how far down does this go."
Technical traders are already mapping downside targets based on the breakdown structure. Without fresh buying pressure or positive catalysts, XRP risks extending losses further. The high-volume nature of the selloff suggests this isn't a quick shake-out that reverses immediately.
For holders, this is a test. Support that fails on volume usually doesn't recover quickly. Watch whether XRP finds a new floor lower or if buying reenters at a significant price level.